Celr token usecase please ? Why i hold celr token

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Celer Network - English

Oxford

Celr token usecase please ? Why i hold celr token

#celer #cryptocurrency #english

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16.01.2022

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Oli J - WON’T DM YOU

Network Value Accrual and Fees It is obvious that CELR token stakers and validators in the SGN are indispensable in the smooth operation of Celer IM, as explained in both of the above models. As such, users of Celer IM are required to pay fees to the SGN in return for its services of reaching consensus and storing attestations of the source chain messages, as well as the fund transfer. This is very much like a fee being paid for any other PoS blockchain validators. These fees are distributed to the CELR stakers corresponding to the SGN nodes that generate the block.

0

16.01.2022

Oli J - WON’T DM YOU · Accepted Answer

Network Value Accurral Unlike many tokens where protocol token holders do not take on active duty of the protocol’s daily function, it is obvious that CELR token stakers and validators are indispensable in the smooth operation of cBridge via the SGN’s new extension, as explained in both of the above models. As such, users and LPs in cBridge 2.0 are required to pay fees to the SGN in return for its services. This is very much like fee being paid for any PoS blockchain validators. These fees are distributed to the CELR stakers in the SGN nodes who generate the block. Specifically: In the model where the SGN acts as a bridge gateway and as a SLA arbitrator, a part of the total transaction fee is actually fee paid to the SGN for its work of scheduling nodes and SLA arbitration. In the model where the SGN acts as a shared liquidity manager, a part of the total transaction fee is the fee due to SGN for its work in helping processing all of the cross-chain transfers. There are also a number of system parameters and configurations that require governance-based updates and tuning to ensure the smooth and continuous operation of the system. CELR will also be acting as a governance token for this new component in Celer’s ecosystem.

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Celr token usecase please ? Why i hold celr token

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